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Announced

Completed

Charoen Pokphand led a $150m Series C funding round in Ascend Money.

Financials

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Transaction Value£109m
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Venture Capital

Minority

E-commerce

e-commerce platform

Thailand

Private Equity

Completed

Acquisition

Cross Border

Friendly

fintech

Synopsis

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Charoen Pokphand, a holding company, led a $150m Series C funding round in Ascend Money, a fintech company. Bow Wave Capital, an investment firm, and Ant Group, a digital payment platform, also participated. Ascend Money will use the proceeds to grow its e-wallet application – TrueMoney Wallet – and expand its digital financial services ranging from digital lending and digital investment to cross border remittances in Southeast Asia.

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